XRP Price Surges Over 10% Above $3.20 Resistance Level

XRP is experiencing a price increase, trading above the $3.10 zone with a gain over 10%. Key points include:

XRP shows bullish signs above $3.20.
Current trading is above $3.220 and the 100-hourly Simple Moving Average.
A break occurred above a bearish trend line at $3.00 on the hourly chart of the XRP/USD pair.
The price may continue to rise if it remains above $3.220.

XRP Price Gains Over 10%

The price has formed a base above $2.85 and surpassed resistance levels at $3.10 and $3.15. It has stabilized above the 23.6% Fib retracement level from the recent low of $2.90 to a high of $3.380.

Current trading is above $3.30, with potential resistance near $3.40 and significant resistance at $3.420. A breakthrough could lead to targets at $3.50 or higher.

If XRP does not surpass the $3.40 resistance, it might face corrections, with initial support around $3.250 and further support near $3.150.

Technical Indicators

Hourly MACD indicates bullish momentum for XRP/USD. The RSI is also above the 50 level.

Major Support Levels: $3.30, $3.250

Major Resistance Levels: $3.40, $3.420